Key Points
- Insider Michael Walton sold 11,500 Rogers Sugar shares at an average C$6.82, generating C$78,430 and reducing his position by 5.37% to 202,747 shares. He also sold a combined 66,262 shares in three transactions the previous day.
- Rogers Sugar reported quarterly revenue of C$293.69 million and EPS of C$0.13, with a 5.3% annualized dividend yield based on its C$0.09 quarterly payout.
- Analysts maintain a consensus “Reduce” rating, with an average price target of C$6.75; the stock recently opened at C$6.83 and trades between a 12-month range of C$5.86 to C$7.16.
Rogers Sugar Inc. (TSE:RSI - Get Free Report) insider Michael Walton sold 11,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00. Following the completion of the transaction, the insider owned 202,747 shares in the company, valued at C$1,382,734.54. The trade was a 5.37% decrease in their position.
Michael Walton also recently made the following trade(s):
- On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.81, for a total transaction of C$27,921.00.
- On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.80, for a total value of C$378,080.00.
- On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total transaction of C$44,687.22.
Rogers Sugar Price Performance
RSI opened at C$6.83 on Wednesday. The company has a fifty day simple moving average of C$6.91 and a 200 day simple moving average of C$6.74. The company has a current ratio of 1.68, a quick ratio of 0.56 and a debt-to-equity ratio of 89.42. The firm has a market cap of C$877.96 million, a price-to-earnings ratio of 13.13 and a beta of 0.71. Rogers Sugar Inc. has a twelve month low of C$5.86 and a twelve month high of C$7.16.
Rogers Sugar (TSE:RSI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%.The business had revenue of C$293.69 million for the quarter. Equities research analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.
Rogers Sugar Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, June 26th. Rogers Sugar's payout ratio is 69.23%.
Analyst Upgrades and Downgrades
Separately, TD Securities raised shares of Rogers Sugar to a "hold" rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rogers Sugar presently has a consensus rating of "Reduce" and an average price target of C$6.75.
View Our Latest Report on RSI
About Rogers Sugar
(
Get Free Report)
Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic's sugar products are mainly marketed under the 'Lantic' trademark in Eastern Canada, and the 'Rogers' trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.
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